GOVERNANCE

taxation tn pandey
Soft on tax evaders!
The `3,000-crore service tax collection through amnesty at the cost of the government’s credibility is not a good bargain

AN amnesty for service tax evaders was announced by the Finance Minister while presenting the Union Budget for the year 2012-13, saying:
“While there are nearly 17,00,000 registered assessees under service tax, only about 7,00,000 file returns. Many have simply stopped filing returns. We cannot go after each of them. I have to motivate them to file returns and pay the tax dues. Hence, I propose to introduce a one-time scheme called ‘Voluntary Compliance Encouragement Scheme’. A defaulter may avail of the scheme on condition that he files a truthful declaration of service tax dues since 1.10.2007 and makes the payment in one or two instalments before prescribed dates….

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gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.
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